Compliance Question of the Week
Can we cash a Savings Bond using a Power of Attorney? A member is presenting us with bonds payable to her mother, who had not endorsed them. Can we negotiate the bonds since the daughter has power-of-attorney?
Anthem
Compliance Question of the Week
Can a conservator open multiple accounts?
Strategic Link Question of the Week
An individual used a shared-branch kiosk located at a convenience store and accessed a member’s account without authorization. Numerous unauthorized withdrawals were made on the member’s account. Does our insurance cover that?
NCUA Sets Reduced 2013 TCCUSF Budget at Year’s Final Open Board Meeting
At its final open meeting of the year, the NCUA board of directors approved the 2013 TCCUSF oversight budget, approved two credit unions’ requests to convert to community charters and adopted two final rules.
NCUA Guidance Helps with Savings Bond Changes
The NCUA has issued a letter to credit unions to provide guidance in answering members’ questions related to the upcoming changes to the U.S. Savings Bond program.
Reduce Uninsured Losses by Differentiating ‘Pure Risk’ from ‘Uninsurable Risk’
It can be difficult understanding which types of loss your credit union’s fidelity bond does and does not cover. A legal and risk-management concept that can help clarify this is “pure risk” versus “uninsurable risk.”